Armen lives in Washington State, where grapes are grown. Armen's twin Allen lives in New York, where

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Armen lives in Washington State, where grapes are grown. Armen's twin Allen lives in New York, where grapes must be trucked in from Washington at a fixed cost of $0.20 per pound of grapes. Armen and Allen have identical tastes, but Armen tends to purchase lower-quality grapes and Allen tends to purchase higher quality grapes. Use indifference curve analysis to explain this oddity.
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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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